Arab monetary fund extends $ 20 million loan to Jordan

The Arab Monetary Fund announced it has extended Jordan a loan of US$ 20 million, an amount equivalent to Jordan's share in the fund's capital, with an extra 400,000 dollars as technical aid.

The loan was signed in Abu Dhabi by the Fund general manager and board chairman, Jasem Al-Minai, and governor of the Jordanian central bank, Amiya Tukan.

Al-minai said the loan would go to support the Jordanian authorities' endeavor to reform the financial and monetary sector. He added the fund extended Jordan 12 loans worth US$ 178 million dollars.